Official Receipt
What Is an Official Receipt Used for?
An official receipt is generally considered to be adequate evidence that expenses have occurred during business and other transactions. Unlike an invoice that indicates intent to pay for goods and services, a receipt indicates that money has already been actually paid. If you receive funds from another person or legal entity, you must issue a voucher for each sale of a service or product regardless of whether you are a single owner, partnership, cooperative or corporation.
Below you will find instructions on how to fill out a form to create a voucher for payment online. You can just as easily print it or save it on your device without the need to download or install any specialized programs.
How to Issue an Official Receipt
It is preferable to release the sales slip adhering to the general rules for processing outgoing documents. As the legal document about the payment, the form should contain a space for the signature of authorized persons and the seal of the organization, if applicable.
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The IRS advises that you keep official receipts for 3 years for possible checks or audits.